The Development of the Classical Observatory: From a Functional Shelter for the Telescope to the Temple of Science

At the end of the 18th century and at the beginning of the 19th century, observatory buildings underwent a change, because astronomical tools of observation had transformed from light portable equipment into permanently mounted accurate instruments.For positional astronomy, observations were mainly carried out in the meridian or in the prime vertic

read more



Macroprudential Policy and Credit Supply

Summary In this paper we analyze financial crises and the interactions of macroprudential policy and credit.Financial crises are recurrent systemic phenomena, often triggering deep and long-lasting recessions with large reductions in aggregate welfare, output and employment ngetikin Importantly for policy, systemic financial crises are typically no

read more